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A certain beverage company provides a complete line of beer, wine, and soft drink products for...

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Statistics

A certain beverage company provides a complete line of beer,wine, and soft drink products for distribution through retailoutlets in central Iowa. Unit price data for 2011 and 2014 andquantities sold in cases for 2011 follow. Use 2011 as the baseperiod.

Unit Price ($)
Item2011 Quantity
(cases)		20112014
Beer40,00018.5020.15
Wine5,000100.00116.00
Soft drink50,0008.008.80

Compute the price relatives for this company's products. (Roundyour answers to two decimal places.)

ItemPrice Relative
Beer?
Wine?
Soft drink?

Use a weighted average of price relatives to show that thismethod provides the same index as the weighted aggregate method.(Round your answers to the nearest integer.)

weighted average of price relatives index=_______.

weighted aggregate price index=________.

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